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Tag: Yuan

Yuan Needs 3% Gain to Stop Exit of ‘Hot Money,’ Researcher Says

By Judy Chen
March 10 (Bloomberg) — China should let the yuan rise 3 percent against the dollar in 2009 to deter capital outflows and help the country make overseas acquisitions, saidWang Jian, a researcher affiliated with the nation’s top planning agency.

Asian Currencies Fall, Led by Won, as Economic Concerns Mount

By Kim Kyoungwha and Clarissa Batino
Dec. 23 (Bloomberg) — Asian currencies weakened, led by South Korea’s won, on concern a deepening global recession will hurt regional exports and prompt international investors to shun emerging-market assets.
Most Asian currencies fell as Taiwan reported a record slide in export orders for November and economists forecast a U.S. government [...]

China’s Yuan Is ‘Spanner in Works’ at Paulson Talks

By Li Yanping and Dune Lawrence
Dec. 4 (Bloomberg) — U.S. Treasury Secretary Henry Paulson is pressing for a stronger yuan at talks that started in Beijing today, just three days after the currency’s biggest drop since the nation scrapped a fixed exchange rate in 2005.

Yuan Trades Near Five-Month Low as China Seeks to Boost Exports

By Judy Chen and Belinda Cao
Dec. 3 (Bloomberg) — China’s yuan traded near the lowest in more than five months, falling by the 0.5 percent limit from the daily reference rate, on speculation policy makers favor a weaker currency to support exports.

Asian Currencies Weaken After China Says Manufacturing Shrank

By Kim Kyoungwha
Dec. 1 (Bloomberg) — Asian currencies declined, led by Indonesia’s rupiah and Singapore’s dollar, as a record contraction in China’s manufacturing damped the outlook for the region’s economic growth.